Our SoFi Plus premium membership helps you earn more, save more, and access more. You can get SoFi Plus at no extra cost with direct deposit.| SoFi
It’s possible to have more than one checking account at a bank. Learn why this might be a good idea, plus the potential downsides.| SoFi
A number of things can hurt a home appraisal, from needed upgrades and poor maintenance to the location and the comparable property values. Learn more.| SoFi
Could a negative money mindset be keeping you from reaching your financial goals? Learn how shifting your perspective can improve your financial situation.| SoFi
Factors that affect property value include a home’s age, size, location and cost of comparable homes. Learn more about assessing your home’s worth.| SoFi
Paying down debt can be a long and grinding process. Need help staying motivated to whittle down your debt and take control? Try these 15 smart strategies.| SoFi
How much your car is worth depends on many factors: condition, mileage, location, etc. Online tools can help you estimate your car’s market value.| SoFi
Effective Date: June 11, 2024| www.sofi.com
What are tax credits vs tax deductions? While tax deductions can reduce your taxable income, tax credits reduce your actual tax bill. Learn more.| SoFi
Marginal and effective tax rates are two ways that help taxpayers know how much they owe in taxes. Learn the ins and outs of marginal vs. effective tax rates.| SoFi
Flexible spending accounts (FSAs) and health savings accounts (HSAs) help pay for medical expenses. Learn about the pros and cons, and differences between them.| SoFi
HSAs can help cover current health care costs while helping you save for retirement.| SoFi
Gross income reflects your total pay while net income is what you receive after taxes and other deductions. Learn about the difference and why it matters here.| SoFi
It’s important to understand the differences between earned and unearned income when it comes to paying your taxes. Here’s what you need to know.| SoFi
Earnings, dividends, and interest are a few examples of income. Read on to learn more about how each functions and can impact your personal finances.| SoFi
If you are wondering how to pay less in taxes, your filing status, retirement contributions, and more can really help. Learn the details.| SoFi
Gain access to complimentary financial planning as a SoFi member. From budgeting to investing, our planners can help you navigate your finances—at no cost.| SoFi
Knowing the average monthly expenses for one person (for housing, food, and more) can help you get your budget right. Learn the details here.| SoFi
Set it and forget it: Pros and cons of putting your finances on auto.| SoFi
Line item budgeting is typically used for small businesses but could have applications in personal finance too.| SoFi
Ready to take control of your money? Learn 10 habits that can help you earn, save, and spend smarter so you can reach your financial goals.| SoFi
Here are tips and tricks for better money management for those that think they’re bad with money.| SoFi
You likely pay a number of taxes, from Social Security to property taxes. Learn about them here, plus tips to make your annual tax filing easier.| SoFi
The topic of personal finance may sound intimidating, but it doesn’t have to be complicated. Here are 10 basic things to know about personal finance.| SoFi
Paycheck deductions can include taxes, Social Security contributions, and retirement contributions. Learn more about where your money goes.| SoFi
Tax withholding is the money your employer takes out of your paycheck to cover what you'll likely owe in income taxes. Learn how much should get deducted.| SoFi
Filing your taxes for the first time shouldn’t be scary. Learn the five key steps for doing your taxes, as well as tax-filing mistakes to avoid.| SoFi
Knowing which forms of income are taxable is an important step in not overpaying or underpaying your taxes. Learn the difference with this guide.| SoFi
Discover how compound interest can grow your savings faster. Use SoFi’s compound interest calculator to plan your financial future and achieve your savings goals.| SoFi
A budget can help you track your money and reach your financial goals. Learn the most important steps here, and take control of your cash.| SoFi
In need of a household budget planner? These tips could help you get your home budget started.| SoFi
Basic living expenses are ones necessary for daily living, such as housing and food. This post provides a variety of budgeting methods to consider.| SoFi
Considering a certificate of deposit? Here’s what you need to know about how these unique financial tools work.| SoFi
Prepaid debit cards have advantages and disadvantages. Here’s some helpful information to know about the product.| SoFi
While checks may not be used very often, they’re still handy to have around. Learn where to order new checks for less when your original set runs out.| SoFi
How much are ATM fees? When it’s your money, your answer might be “too much.” Here’s a look at how much you’re paying, and where the money goes.| SoFi
Using a debit card online can help you avoid credit card interest charges, but you may not earn rewards or have as much protection. Learn the details.| SoFi
ATM fees can put a serious dent in your budget. Find out how much ATM fees are and some tips for avoiding them. With Sofi Money, you can avoid ATM fees.| SoFi
Disputing credit report errors is usually straightforward, especially if you have supporting documentation. Learn more.| SoFi
Finding and reporting common credit report errors can positively impact your financial life. Here, the steps to review your file and address any issues.| SoFi
A credit report records details of how you have managed credit in the past and can help lenders gauge your creditworthiness. Learn more here.| SoFi
Discretionary income varies from person to person, so find out what discretionary income is, how to calculate it, and the best ways to use it each month.| SoFi
There are many different budgeting strategies and budgeting methods. With some research, you can find the one that works best for you.| SoFi
Setting smart money goals can keep your finances on track and help you plan for your financial future.| SoFi
Explore a handful of ideas on how to cut back on spending along with some budget cutting ideas. Check out our tips to cut back on spending.| SoFi
Biweekly employees can find the gross amount on their paycheck, multiply by 26, then divide by 12. Learn other calculations based on your pay frequency.| SoFi
Fixed expenses are expenses that you can't cut down by budgeting, whereas variable expenses can be shrunken if needed. Learn more about expenses.| SoFi
You’ve probably heard how it’s important to have an emergency savings fund, but how is this type of fund defined and how much money should you have in it?| SoFi
With SoFi, you can get closer to accomplishing your financial goals—whether it's budgeting to reduce spend, paying off your debt, or growing your wealth.| SoFi
Every wonder, why is credit important? We delve into the myriad benefits of a good credit score, from lower interest rates to increased borrowing opportunities.| SoFi
Most of your accounts probably report information to the credit bureaus every 30 to 45 days. A score may change very little if consistent payments are made.| SoFi
Learn the smartest ways to deposit and withdraw funds and conduct other banking business at an ATM while avoiding fees and staying safe.| SoFi
Read our Terms of Use to understand our policies on privacy, information sharing, loan applications and more.| SoFi
Does applying for a credit card hurt your credit? It absolutely can. Learn how your credit score may be affected by applying for a credit card.| SoFi
When we say no fees we mean it. No origination fees, no late fees, and no insufficient fund fees when you take out a student loan with SoFi.| SoFi
Are you looking to refinance a student loan with the best student loan refinance company? We offer student loan refinancing options at low rates.| SoFi
The 50/30/20 budget rule says to spend 50% of your income on needs and 30% on wants, and to put 20% in savings. Learn more here.| SoFi
Grow your personal savings by opening an online savings account. SoFi offers free high-interest savings accounts with no fees. Open your savings account today!| SoFi